NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 124 - 35. Related Party Disclosures (a) Identifying related parties For the purposes of these financial statements, parties are considered to be related to the Group if the Group or the Company has the ability, directly or indirectly, to control or joint control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group or the Company and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. Related parties also include key management personnel defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The key management personnel include all the Directors of the Group and certain members of senior management and chief executive officers of major subsidiaries of the Group. (b) Significant related party transactions Related party transactions have been entered into in the normal course of business under negotiated terms. In addition to the related party balances disclosed elsewhere in the financial statements. (c) Compensation of key management personnel Remuneration of Directors and other members of key management personnel are as follows: 2021 2020 2021 2020 RM RM RM RM Short-term employees benefits - Salaries and other emoluments 2,403,479 2,819,403 2,122,214 1,369,340 - Fees 150,000 330,000 150,000 330,000 - Defined contribution plan 260,637 182,592 249,408 150,660 2,814,116 3,331,995 2,521,622 1,850,000 Group Company 201 ANNUAL REPORT 2021 • DESTINI BERHAD
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